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10708 Corn Poppy Court Noblesville, IN 46060

4 Beds 2 Baths 1,621 sqft Built 2001

$249,900

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $154.16
  • 4 Days on Market
  • MLS # : 21755671
  • Updated Date : 12/03/2020 at 08:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,621 sqft
  • Baths : 2 full
Listing Agent

Highgarden Real Estate

Listing Agent's Description

Welcome home! UPDATED 4 bd 2bth ranch with three car garage in the quiet neighborhood of The Meadows. This home has new light fixtures as well as brand new luxury flooring throughout. The home has a completely open floor plan with 4th bedroom as optional office space. Fenced in backyard is ready for entertaining family and friends. Come check it out and make yourself at home.

SEE MORE

  • Indianapolis metro's economy is worth $149.7 billion in Gross Metro Product and projected to grow to $158.1 billion in 2019 (USMayors.org, 2018)
  • Indianapolis metro has 65.5% labor force participation rate higher than the national rate 62.8%. The participation is expected to grow to 66.2% in 2020 (USMayors.org, 2018)
  • Indianapolis metro contributes to 39.8% of Indiana state economy i.e. Gross State Product (USMayors.org, 2018)
  • Indianapolis metro employment growth is at 1.6% and predicted to grow at 1.8% in 2019 (USMayors.org, 2018)
  • Indiana state (in turn Indianapolis being part of Indiana) ranks 10th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019)

PRICE & RENT TRENDS

Neighborhood: Meadows Knoll

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $119k252k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Meadows Knoll

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q210501100115012001250130013501400145015001550Rent in $10401588

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
White River Elementary School Primary Regular 721 32 5
Noblesville East Middle School Middle Regular 1,018 57 7
Noblesville High School High Regular 2,685 137 8

White River Elementary School

  • Education Level: Primary
  • # of students: 721
  • # of teachers: 32
5
GreatSchools Rating

Noblesville East Middle School

  • Education Level: Middle
  • # of students: 1,018
  • # of teachers: 57
7
GreatSchools Rating

Noblesville High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 137
8
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$922
Property Tax -$407
Property Insurance -$58
HOA -$30
Property Management Fees -$143
CASH FLOW
$29

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$249,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 8.00%
Vacancy 8.07%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$8,565

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,590

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,552

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4253$1,4754$1,5905$1,600
$1,600
RENT COMPS ANALYSIS
  • 10708 Corn Poppy Court Noblesville, IN 4
    • 4 beds 2 baths ∙ 1,621 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,621 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.98
    •  
  • 10254 Carmine Drive Noblesville, IN 1
    • 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1995
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.84
    •  
  • 10360 Steeplebush Court Noblesville, IN 2
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1996
    LEASED 08/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.01
    •  
  • 19551 Amber Way Noblesville, IN 3
    • 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 2001
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.05
    •  
  • 19009 Fairfield Boulevard Noblesville, IN 5
    • 4 beds 3 baths ∙ 1,725 Sqft ∙ Built 1991 4 beds 3 baths ∙ 1,725 Sqft ∙ Built 1991
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.93
    •  
PROPERTY LISTING DETAILS
Kelly Seabolt
Highgarden Real Estate
BESbswy